HomeStreet, Inc. (NASDAQ:HMST) EVP Sells $60,071.30 in Stock

HomeStreet, Inc. (NASDAQ:HMST - Get Free Report) EVP David L. Parr sold 5,210 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total value of $60,071.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

HomeStreet Stock Performance

HMST traded down $0.71 on Wednesday, reaching $10.81. The company had a trading volume of 232,329 shares, compared to its average volume of 195,188. The stock has a market cap of $203.85 million, a P/E ratio of -8.32 and a beta of 1.49. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The company's fifty day moving average is $12.18 and its 200 day moving average is $12.93.

Analysts Set New Price Targets

Several brokerages recently issued reports on HMST. Wedbush upgraded HomeStreet from a "neutral" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Tuesday, November 5th. StockNews.com initiated coverage on shares of HomeStreet in a report on Sunday, September 22nd. They issued a "sell" rating for the company. Finally, Janney Montgomery Scott downgraded shares of HomeStreet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On HomeStreet

A number of institutional investors have recently modified their holdings of HMST. Wellington Management Group LLP boosted its stake in shares of HomeStreet by 494.0% in the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider's stock valued at $10,574,000 after buying an additional 557,977 shares during the period. Endeavour Capital Advisors Inc. lifted its position in shares of HomeStreet by 113.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider's stock valued at $8,051,000 after acquiring an additional 375,581 shares during the period. Stieven Capital Advisors L.P. bought a new stake in shares of HomeStreet during the 3rd quarter valued at $5,358,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of HomeStreet during the 3rd quarter worth $2,633,000. Finally, Philadelphia Financial Management of San Francisco LLC increased its position in shares of HomeStreet by 4.6% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider's stock worth $24,624,000 after purchasing an additional 68,855 shares during the period. Institutional investors own 74.71% of the company's stock.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.